Despite warnings from its pension head, Italy cabinet members approved lowering the retirement age, among other things, for its 2019 budget.
Under the draft bill, the retirement age will drop to 62 from 66.7 for men and 65.7 for women if contributions were made for at least 38 years, a slight rollback from 2011’s increase. Other provisions under the bill are a basic income for the poor, a partial amnesty to help with tax issues, and a tax cut for the self-employed.
The basic poverty income, which will give unemployed Italians €780, or about $1,000 per month, will begin within 2019’s […]
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